"august a. busch iv" news and stories

After holding firm back in June and turning down a buyout offer, Anheuser-Busch surrendered over the weekend and allowed European brewer InBev to buy them for approximately $52 billion. America's largest beer maker is no longer in American hands, a move that leaves some beer drinkers a bit concerned for their favorite brew (maybe this will convince more people to switch to locally produced small batch brewers. What?! A girl can dream).

The new company will be called Anheuser-Busch InBev, one of the terms brokered in the buyout deal. August A. Busch IV, the company's CEO (and descent of one of the brewery's founders) will be given a seat on the board. According to a press release issued by both companies, no US breweries will be closing because of the merger.

[via NYT]

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